A guide on what tax employers should be paying on payments made when terminating employees Many companies are under the misconception that whenever they terminate an employee, all related termination costs are entitled to a considerable exemption from tax. But one can only apply for this exemption if there is no other way to charge…
DetailsEmployee payslips update Presently all employees benefit from the right to have their employer give them an itemised payslip. This indicates the gross and salary details as well as any deductions that are made. As from April 2019 this right will not be just for employees but it will also be extended to workers. Furthermore…
DetailsFor most of the years that Facebook has existed, Mark Zuckerberg, has come under extreme scrutiny because of the misuse of data collected through Facebook. These have included the claim that Facebook influenced the Donald Trump election and allegations of selling on personal information to third parties. It was reported that during the presidential campaign…
DetailsIf you are expecting a baby or are about to become a father, you may be entitled to maternity or paternity leave. This article will explain what maternity and paternity leave and payments employees in the UK are entitled to, and who is eligible to receive it. Maternity leave in the UK Within the UK,…
DetailsFree Call and Consultation At Borg Knight and Employment Solicitors, we strive to provide each and every one of our clients with the best possible service. All prospective clients are entitled to a free call and consultation, giving you the opportunity to get to grips with what we do, and how we do it. We…
DetailsWe can note that since the fees have been abolished the number of single claims have doubled. It hence clear that the fees were putting off people from making a claim against their employer. Over the three months to December 31st, around 8,000 single claims were filed at the Tribunal. This means that there was…
DetailsAre ex gratia payments taxable in my Settlement Agreement? As a general rule, the first £30,000 of the compensation will be tax free. If a Settlement Agreement offers compensation which exceeds £30,000, the sum over and above £30,000 will be taxable. Ex gratia payments are the non- contractual payments paid by your employer as compensation…
DetailsIf your job is being terminated, your employer will want to avoid issues such as arguments over severance payments or being taken to court. Your employer in such cases will usually offer you a settlement agreement. The centre of the settlement agreement is that you will not pursue any employment law claims against your employer…
DetailsWhat are the requirements for a Settlement Agreement to be binding? It must be in writing and be in relation to a specific complaint or dispute. The employee must make sure to get advice from a qualified individual (lawyer or authorised union member) Their must be insurance covering the advice being given. It…
DetailsWhat is a settlement agreement? This was formerly known as a compromise agreement. A settlement agreement is a contract which is legally binding and it is entered into between the employer and the employee. The aim of the Settlement Agreement is for the employee to waive any rights of action (including making a claim in…
Details
